Latest news with #Robotruck
Yahoo
20-05-2025
- Automotive
- Yahoo
China's Pony AI Robotaxi Revenue Jumps 200%, Eyes 1,000-Vehicle Fleet
China-based Pony AI Inc (NASDAQ:PONY) stock gained on Tuesday premarket after the company disclosed its first-quarter results. Sales grew 11.6% year-over-year to $13.98 million (101.6 million Chinese yuan), mainly driven by rapid growth in Robotaxi services revenues. The analyst consensus estimate for sales was 90.11 million Chinese yuan. Robotaxi services revenue climbed 200.3% Y/Y to $1.7 million in the quarter, primarily attributable to expanding its public-facing fare-charging operations in Tier-one cities in China and refined operational strategies for diverse user Robotruck services revenue surged 4.2% Y/Y to $7.8 million, mainly due to contributions from new clients. Gross profit fell 11.8% Y/Y to $2.3 million, with a margin contraction of 440 bps to 16.6%, mainly due to changes in the revenue mix with increased ADC sales for new robot delivery clients in the first quarter. The company reported a loss of 10 cents (or 0.73 Chinese yuan) per share, compared to a loss of 28 cents in the prior year's quarter. The analyst consensus loss estimate was 0.07 Chinese yuan. As of March 31, 2025, cash and cash equivalents, short-term investments, and restricted cash stood at $738.5 million. Co-founder and Chief Executive Officer Dr. James Peng said the unveiling of the seventh-generation autonomous driving system (Gen 7) enabled it to reduce bill-of-materials (BOM) costs by 70% and made it confident about expanding the fleet to 1,000 vehicles by year-end. Co-founder and Chief Technology Officer Dr. Tiancheng Lou said its Gen 7 Robotaxis accomplished full-scenario L4 autonomous driving on automotive-grade chips. It remains on track to scale mass production and deployment in 2025. Price Action: PONY shares are trading higher by 17.6% to $19.90 premarket at last check Tuesday. Read Next:Image by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article China's Pony AI Robotaxi Revenue Jumps 200%, Eyes 1,000-Vehicle Fleet originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Zawya
20-02-2025
- Business
- Zawya
IDEX Next_Gen showcases cutting-edge defence innovations on day two of the competition
Abu Dhabi – On the third day of the International Defence Exhibition (IDEX) 2025, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, IDEX Next_Gen hosted five pioneering startups to showcase their cutting-edge defence and security solutions. IDEX Next_Gen is a dedicated startup platform that enables entrepreneurs to present their innovative technologies to industry leaders, military officials, and key decision-makers in the defence and naval sectors. As part of this initiative, participating companies competed for the prestigious IDEX Next_Gen title, which will be awarded on the fourth day of the event on 20 February 2025. On the second day of the competition, five participating startups including Sinaha Technology, Sky Works – Telearmy, Smart Audio Technologies, Tactical Skeleton/EAG (Eagle Armory Group), and Broswarm demonstrated their groundbreaking solutions and answered questions from an esteemed panel of industry experts. The panel evaluated their presentations based on ideation, communication, team structure, and marketing strategies, among other criteria. Sinaha Technology presented a suite of autonomous solutions, including Robotruck, UAV-based services, and remote control systems. These fully autonomous, electric-powered technologies offer 24/7 continuous operation, real-time data transfer, and efficient coverage of large areas for applications such as surveillance, inspection, and gas detection. Their UAV-based services provide comprehensive and customizable monitoring solutions tailored to diverse business needs. Sky Works – Telearmy introduced its innovative teledriving technology designed to enhance attack power and frontline safety. As one of the first deep-tech developers to bring vehicle teledriving to the military sector, Telearmy has been selected into the NATO DIANA accelerator. The company has leveraged global teledriving insights since 2021 to develop solutions for military operations, including transporting wounded soldiers, supporting frontline operations, transporting logistics, navigating uncleared roads and minefields, and conducting spy missions. Smart Audio Technologies showcased its pioneering dual-use AI audio technology, designed to revolutionize voice communication in extreme noise environments. The company has developed the world's first self-adaptive noise elimination solutions, ensuring crystal-clear voice transmission in high-noise sectors such as defence, aviation, emergency services, law enforcement, call centers, construction, mining, automotive racing, broadcasting, and event management. Additionally, its active smart mask offers advanced protection against airborne hazards with a positive air pressure system. Tactical Skeleton/EAG (Eagle Armory Group) unveiled its innovative straight-pull conversion kit for rifles. This technology doubles the reloading system speed and enables the conversion of any standard bolt-action rifle into a straight-pull action. By allowing shooters to stay on target and maintain their grip, the system facilitates faster and more precise follow-up shots, enhancing operational efficiency. Broswarm introduced the X-Ray Eagle, a groundbreaking technology that leverages a miniaturized synthetic radar system to enhance resolution. Utilizing a proprietary spatial reconstruction algorithm, the technology significantly improves depth perception and object differentiation. With land-penetrating sensors that can detect underground objects of varying depths and sizes, the X-Ray Eagle offers diverse applications, including archaeology, mining, and security operations. This technology can be mounted on various types of drones for enhanced surveillance capabilities. Organized by ADNEC Group in collaboration with the UAE Ministry of Defence and Tawazun Council, IDEX 2025 runs from 17 to 21 February at the ADNEC Centre Abu Dhabi. The event brings together leading global defence companies and industry experts to showcase the latest advancements in military technologies across land, air, sea, cybersecurity, and artificial intelligence domains. The 17th edition of IDEX marks the largest in the event's history, reinforcing its position as a premier global platform for defence innovation and strategic partnerships.
